SIPG profits up 17% in 2022
SHANGHAI : Shanghai International Port Group (SIPG) reported a record RMB17.2bn net profit in the past year, an increase of 17.31% year-on-year. In 2022 container volume at SIPG was 47.3m teu, groing 0.6% year-on-year, exceeding 40m
AD Ports secures US$2 billion corporate facility deal with banks syndicate
ABU DHABI : AD Ports Group has signed a General Corporate Facility deal with a consortium of 13 regional and foreign banks. The multi-currency facility, worth approximately US$2 billion, is divided into three tranches
COSCO Shipping Ports exceeds 130 million TEUs in 2022, reports annual revenue of US$1.4 billion
SHANGHAI : COSCO SHIPPING Ports, a global port operator, released its annual results for the fiscal year that concluded on 31 December 2022. The Chinese port giant said that in 2022 its total throughput
AD Ports Group Invests in Latest VTMIS Technology to Enhance Maritime Safety and Efficiency
ABU DHABI : AD Ports Group is to implement a state-of-the-art Vessel Traffic Management Information System (VTMIS) across its UAE operations, as the company continues to invest in innovative solutions to drive safety, security
Port of Rotterdam Authority and APM Terminals sign the agreement for over 1 billion euros for the expansion of Maasvlakte II Container Terminal
ROTTERDAM : One of the world’s leading container terminal operators, APM Terminals, part of A.P. Moller – Maersk, has announced the expansion of its Maasvlakte II terminal in Rotterdam. The project involves a site
DP World opens one-stop refrigerated container facility in Sydney to serve growing demand
SYDNEY : DP World has announced the opening of Reefer World, a new one-stop refrigerated container facility in Sydney, which will provide a wide range of reefer cleaning and repair services to customers in
AD Ports Group reports strong operational and skyrocket profit
ABU DHABI : AD Ports Group (ADX: ADPORTS) released its 2022 Integrated Annual Report with the Abu Dhabi Securities Exchange (ADX). After a successful year that included a heavily oversubscribed listing on the ADX,
DP WORLD expands offering at BERBERA Port with new Edible Oil Terminal
New facility will be a game changer in the Horn of Africa, reducing logistics costs for a key commodity and creating vital local jobs BERBERA : DP World has kicked off the development of